Myers Industries Completes Jamco Deal
AKRON, Ohio (AP) -- Myers Industries Inc., which makes plastic products for industrial, agricultural, automotive markets, said Tuesday that it completed its acquisition of Jamco Products Inc.
Financial terms were not disclosed. Myers said Jamco's annual sales total between $15 million and $18 million.
Jamco designs and manufactures a variety of heavy-duty industrial steel carts and safety cabinets.
Myers, based in Akron, Ohio, said Jamco's product lineup and relationships with industrial distributors complements its existing Akro-Mils business, whose products include plastic storage bins and metal carts, and is in line with the company's growth strategy.
Jamco was founded in 1995 and has manufacturing facilities in South Beloit, Ill.
Myers shares fell 2 cents to $15.32 in morning trading.